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Listed by eXp Realty of California Inc, Robert Slawinski, Listing Contact: 4085050708

Sold

737 Laine Street

737 Laine Street, MONTEREY, CA 93940

$1,450,000

Rare find with high rental income potential, an exquisite 5 unit apartment building located in Monterey, CA. 737 Laine St. is close to key amenities including Cannery Row and New Monterey Downtown shopping, restaurants and coveted beaches. This building will attract tenants looking for a vibrant downtown lifestyle. A rare opportunity for any multi-family investor looking to add a highly sought after property to their portfolio. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, to be a significant & unique addition to ones real estate investment portfolio and/or a great 1031 Exchange.

Studio

2,577 Sq.Ft. LIVING AREA

5,850.11 Sq.Ft. lot

Robert Slawinski

title Realtor®
PHONE (831) 335-9000
EMAIL [email protected]
DRE # 01354172

Features & Amenities

Interior

total bedrooms0
Flooring Vinyl, Carpet
APPLIANCES Cooktop, Refrigerator, Disposal, Electric Cooktop
other interior Features Vaulted Ceiling(s), Walk-In Closet(s)

Area & Lot

Status Sold
Date Sold March 21, 2024
Living Area2,577 Sq.Ft.
Total Area2,577 Sq.Ft.
Lot Area5,850.11 Sq.Ft.
MLS® IDML81944426
TypeMulti-Family
YEAR BUILT1983
School DistrictMonterey Peninsula Unified

Exterior

Garage Space1.0
water SourcePublic
PoolNone
roofComposition
parkingCarport
HEAT TYPECentral, Forced Air, Fireplace(s)
AIR CONDITIONINGOther
sewerPublic Sewer
SubstructureSlab
Disability FeaturesGrip-Accessible Features
security FeaturesSecurity Lights

Financial

Sales Price$1,450,000
Real Estate Tax $7,049/yr
Maintenance Fee $1,000/mo
Zoning R-1-15

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Our team of real estate experts ensures that our clients get top market value for all their real estate property. We are passionate about living and finding your unique dream home. Contact us for more details.